keegomaster

You make a compelling argument. My question is what are the potential scenarios (optimistic, pessimistic, realistic) after three years? What normalized level of earnings could we expect? From the Q1 conference call, and Jen's comments, it seems like earnings will be more susceptible to interest rates due to IFRS 17.

Thanks for the analysis. Can't help but gasp at the value destruction. It's like Hamlin Watsa just set money on fire. Were it not for the hard market in insurance, and the smart no bond positioning management FFH would not be a good investment. Thanks for the thoughtful look back, Viking.

As another data point Prof. Damodaran has posted the following Implied Equity Risk Premiums updates at the beginning of the month (also showing the preceding month): Implied ERP on April 1, 2023= 4.88% (Trailing 12 month, with adjusted payout); 5.44% (Trailing 12 month cash yield); 5.72% (Average CF yield last 10 years); 5.19% (Net cash yield); 4.64% (Normalized Earnings & Payout) Implied ERP in previous month =4.78% (Trailing 12 month, with adjusted payout); 5.58% (Trailing 12 month cash yield); 5.50% (Average CF yield last 10 years); 5.34% (Net cash yield); 4.53% (Normalized Earnings & Payout) Source: https://pages.stern.nyu.edu/~adamodar/

Agree with Tom Russo or Tom Gayner.

Hi, I've been looking for a cheap way to subscribe to Bloomberg, and in the past I have found expired promotions for 2-year subscriptions from 3rd party vendors. Example 1, Example 2. Tonight I came across First American News (FAN), who are offering this 5-year subscription to Bloomberg Digital for $60. Wondering if anyone has experience with FAN in particular, or with other 3rd party vendors in general? Thanks! ~ Keego